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Nasdaq Composite Falls 5.52% on Nov. 5 as Dow Drops 3.44%

The Nasdaq’s decline was its steepest one-day drop in 19 months and put the index in correction territory.

By Enna Lee
Published
A silicon wafer catches a narrow beam across its etched surface / TokenPost.ai (mono)
A silicon wafer catches a narrow beam across its etched surface / TokenPost.ai (mono)

The Nasdaq Composite fell 5.52% on Nov. 5, its steepest one-day decline in 19 months. The Dow Jones Industrial Average also dropped, losing 3.44%. The Nasdaq moved into correction territory after the decline.

Semiconductor weakness accounted for much of the Nasdaq’s slide. Energy and financial shares supported the Dow: its energy stocks rose about 12% in October, while its financial shares gained roughly 10%.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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